Daily Deficit

The US Daily Cash Surplus for Friday 9/12/2014 was $10.6B bringing the September 2014 deficit to $39B through 12 days.

2013 and 2014 are a bit un-synced at the moment thanks to 9/15 falling on a weekend last year, but should fall back in line with Monday’s report. There was nothing extraordinary in Friday’s report, and we saw $9.3B of corporate taxes, which is more or less in line with expectations. We should add another $40B+ to that over the next few days…pushing the month to a surplus….probably by tomorrows report.

The US Daily Cash Deficit for Thursday 9/11/2014 was $0.7B bringing the September 2014 deficit to $50B through 11 days.

Chalk this us as a good day…revenues up $2B YOU and outlays down $1B. Revenues continue to look solid across the board, but it’s still too early to get excited.

The US Daily Cash Deficit for Wednesday 9/10/2014 was $7.6B bringing the September 2014 deficit through 10 days to $49B .

While it’s still early, we do see corporate taxes and quarterly tax deposits start to pick up, and YOY they look  pretty good….so far. Corporate taxes are at +23%…though this is off a tiny base of $1.6B. Taxes not withheld are up 13%. We should see another $100B+ from these two categories over the next 2 weeks…including ~$50B of corporate taxes Monday 9/15. which will probably be enough to push us to surplus for the month.

The US Daily Cash Deficit for Tuesday 9/9/2014 was $4.3B bringing the September 2014 deficit through 9 days to $42B.

Through 9 days, revenues are up a solid 6%….not too shabby, though it should be noted that this month revenues are heavily weighted to the second half of the month. Still….with the extra day….through 9 days, getting close to +10% revenue looks feasible, though there is still a lot of uncertainty.

The US Daily Cash Deficit Surplus (**corrected 9/10) for Monday 9/8/2014 was $4.2B bringing the the September 2014 deficit through 8 days to $37B.

Revenues are up $1B on the day…outlays are up $1.5B…..